Fortress Investment Group Acquires Industrial Property In Fremont For $29M

Fortress Investment Group - Wesley R. Edens has acquired an industrial property located at 42744 Boscell Road in Fremont. The property spans across 6.3 acres and is situated in the market of Fremont. The transaction took place on June 24, 2022, and the asset has a total area of 93,385 square feet. The sale price for the property was $29,000,000, resulting in a price per square foot of $310.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $29,000,000
• Address: 42744 Boscell Road, Fremont
• Market: Fremont
• Acres: 6.3
• Buyer: Fortress Investment Group - Wesley R. Edens
• Seller: Weiglein Properties, Sveiks Holdings & Glade Barne Holdings
• Brokers: Rick Keely & Greig Lagomarsino - Colliers

Rick Keely and Greig Lagomarsino from Colliers represented the buyer, Fortress Investment Group - Wesley R. Edens, in this transaction.